Short-Term Borrowings

6 Months Ended

Jun. 30, 2021

Debt Disclosure [Abstract]

Short-Term Borrowings

6. SHORT-TERM BORROWINGS

The outstanding balances and related information of short-term borrowings represent federal funds purchased and short-term advances with the FHLB are summarized as follows: 

(In Thousands)	June 30, 2021			December 31, 2020
Balance at period end	$	—		$	41,667
Average balance outstanding		6,330			474
Maximum month-end balance		20,833			41,667
Weighted-average rate at period end		0.00	%		0.35	%
Weighted-average rate during the period		0.15	%		0.35	%

Average balances outstanding during the period represent daily average balances.

The Company had no short-term borrowings at June 30, 2021. The Company had $41.7 million in 13-day FHLB advances at December 31, 2020 which matured on January 5, 2021. Borrowings from the FHLB of Pittsburgh are secured by FHLB stock, qualifying loans, and investments. The Company maintains stock in the FHLB of Pittsburgh of $1,015 as of June 30, 2021 and $2,591 as of December 31, 2020. The Company has a maximum borrowing capacity with the FHLB of approximately $132,756 of which $20,000 was outstanding at June 30, 2021.

At June 30, 2021 and December 31, 2020, the Company also has lines of credit at three financial institutions that would allow the Company to borrow up to $25,000. None of the credit lines were drawn upon at June 30, 2021 or December 31, 2020 .